Member Info for LWHL

First time I have looked in here in a while. Is he really talking about (yet another) foreign listing?

BLLYF chart tells me all I need to know about how that one is going since I last looked at it.

Anyway, I still hope it all works out for you longs, but I have seen nothing of late to change my mind.

In fact this most recent interview, from comments posted here from those who have watched it, underpins the negative thesis IMO. But time will tell of course. GLA.

IMO, if that happens, and there is no additional company-specific news at that time, then we could see the SP take another spike upwards. Seen it before elsewhere. It is like a handbrake coming off. Does not always happen that way of course.

Meanwhile, it has been quite a benign day here so far, compared with usual action. But the day is young still :) GLA.

No reason to think that, although at some point, all will become clear, I am sure.

In the meantime, try not to dwell on it mate. Control what you can control etc.

Well, this is either going back to 400p, or 370p, tomorrow, IMO.

Maybe multiple times across the day! Compelling viewing at the moment, although would not want to hold too big a position here, because it really is quite, quite wild.

All that said, given everything that we are aware of at the time of print, IMO this is not a range that I think is too frothy, so will watch again with interest tomorrow to see if another buy (or sell) order may be worth considering. GLA.

Who knows the mysteries of the price movement in this one?!

Regret pulling that earlier buy order now, although only because the price has (for now) gone back up.

The decision on a technical basis was the correct one. That is what I am telling myself anyway! :)

I actually cancelled my order. The chart started to look a bit worse than it did when I put the order in.

I stand by my four quid plus 'feeling' before Xmas, but at this stage (which may easily change again soon of course!) I do not want to add to the current tranches I hold.

New shares can be issued at a premium of course.

It does not happen often, but it does happen from time to time.

I would rather we did not go down this route, or at least not until/unless the SP is significantly north of where we are today.

I have no strong opinion in either direction regarding the Mello news at this point in time, although provisionally I think it will provide a good opportunity to spread the message.

Even if it only leads to a few new wealthy investors taking (for them) a small position here, then that will represent a useful, albeit small, win for us IMO.

Well, I have put another small limit order in for 380p today.

A revisit to the high 370's 'feels' feasible, although equally I 'feel' 400p plus is going to happen again before Xmas.

Hopefully the market 'feels' similarly, and gives me an early present :) GLA.

Gold also over 2000 again at the time of print.

Even allowing for all the geopolitical risks here, this is worth a very conservative 18p right now IMO. GLA.

Either we are seeing one of the main holders approaching their exit, which often involves a fairly violent period of activity near the conclusion (and thus hopefully on fumes now), or the old forward selling game.

If we soon see an announcement of a discounted placing, then that may tell a story.

Sorry to come across as cynical, but I have seen too many...patterns on AIM to dismiss such a scenario.

Perhaps always merely a coincidence? Who knows? Not my job to police it, and nothing I can do about it, so no point wasting time on it.

IMO, Iain and the team either have something that is of commercial value, or they do not. And I think they have pretty much had enough time now to demonstrate this, one way or the other.

So, if we are indeed looking at a raise, it would have to be extremely compelling to retain my support at this point.

Huge inside buying, for a start. And not just Iain. Absolute clarity on the parameters, including time frames etc. The level of dilution and share price would also be a big consideration for me, regardless of the other factors.

But hopefully it is just the first scenario.

The current cash runway is ample if a deal/deals are really just on the horizon IMO.

And I got my (small) buy order filled in the end, too. GLA.

Indeed. Not sure my buy order at 387p is going to get filled, but you can never tell with this one.

I think only a bumper offer for TS would get the green light, so inclined to agree with those who think it will not go ahead.

An outright company sale on the other hand is still not something that I have dismissed out of hand.

The fun while we wait to see how this plays out continues! GLA.

Probably my fault. I bought back in the other day after reading that Wheaton news.

Only a small position and only in the trading account, because the concerns I aired previously are unchanged in my mind, but not feeling too smart right now :)

I wonder if Ninety One are reducing? Anyway, a waiting game for now. GLA.

Yep. As long as we get what we need, then it will not bother me in the slightest.

Either the shorts are much smarter than us (and MA and other big players here), or they are indeed playing a game of high stakes IMO. Could be both of course, and even if smarter than us, does not mean they are certain to win this particular game anyway.

Nevertheless, I took another trading tranche off the table again, in case that 400p level does not hold.

Will probably buy them back (again) if we return to those low 380 levels, but if we have finally broken the back of that pesky 50 DMA, then will be happy enough to let the remainder run. That would be my perference, but what will be, will be. GLA.

AIM stocks are never good for the blood pressure :)

And it is not uncommon to see a real disconnect between price and value on this exchange either - or the type of wild swings that would test the patience of a saint, irrespective of how a company is necessarily performing. Although in this case, the reason is clear and entirely valid, IMO, as covered in previous posts.

All of which makes me firmly believe that if we get the MDA - and equally importantly, on satisfactory terms from our perspective - then the SP will move appreciably to the upside.

One way or the other, we will know where we stand within the time frame that you suggested is in your mind right now.

Hopefully the IMF cash and other western international overtures will have the desired affect... GLA.

Silvermaple is a LTH here. Seems to already be quite heavily invested too.

He is not an idiot for struggling to pull the trigger.

Just because it is clearly a no-brainer for Malawi to give us the MDA, does not mean that their politicians will rubber stamp what they should have already done many months ago.

There are entirely justified trust issues that many have - including me - and I am not even a LTH here.

So I have a pretty low average (to my mind) and have not suffered the many frustrations that people like him have.

Although it is an experience that I am familiar with in plenty of other names, don't get me wrong :)

The wider market clearly shares this mistrust, or we would be well north of the current SP, IMO.

As for the macro argument: IMO it is highly likely that we are in a battle behind the scenes involving the West versus the East.

And I am sure all holders here hope for a home team win...but until that day of signing comes, nothing can be taken for granted.

No need for that comment, Profit-or-roll.

silvermaple: Do whatever you think is right mate. Buy, sell or hold - as long as whatever you decide to do does not cause you discomfort or difficulties. Good weekend all.

I read somewhere (forget the source unfortunately) that undertook a comprehensive analysis of data on this subject.

In a nutshell, apparently brokers get less than 50% right apparently :)

Far more conservative than that for me. Five quid.

Although if we do not see that before the next update, and that update is strong, then I might reconsider and revise upwards.

But I am taking nothing for granted in this market, so not looking too far ahead.

IMO, this BOD can afford no further slip ups, so the next few months will be interesting, one way or the other.

Good to hear. And hopefully you will be able to get a good return on this investment before too long. At the same time being able to tell your wife 'I told you so'! Only joking of course, because that would be a dangerous strategy, in my experience :)